In New York City where the availability of land is limited often the only way to build is by acquiring development rights (a/k/a "air rights"). This class provides a comprehensive review and analysis of air rights including the history and development of the legal concept of air rights, the role of the NYC Zoning Resolution in air rights deals, how to determine if there are available air rights to acquire, the nuts and bolts of an acquisition of air rights, the documents necessary to memorialize an air rights deal, and the title company's role in an air rights transaction.Title:
Air Rights Deals: Buying, Selling and Transferring Development Rights in NYC
When/Where:
Thursday, July 17, 2014
8:30 AM - 12:00 PM
Bank of America
114 West 47th Street, 1st Floor (US Trust Bldg)
New York, NY 10036
Speaker:
Caroline Harris, Esq.
By:
National Law Institute
Credit:
NJ, NY
Cost:
Free.
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